MARKETS

Oilex heads to the Cooper-Eromanga

OILEX, which has spent much of its time in Indian court rooms tussling with the Gujarat State Petroleum Corp over money owed for exploration costs at its Cambay oil field , has moved into the Cooper-Eromanga basins in South Australia taking a 48.5% share in PEL112 and PEL444 after entering an agreement with Holloman Energy Corporation.